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Product Profile – Ceramic Tiles

February 14, 2020/

HS CODE of Ceramic Tiles is: 6907 Tariff Line of Vitrified Tiles (Polished/Unpolished): 69079010 • Global vitrified tiles market is currently estimated at US$ 56.6 billion and is projected to reach US$ 87.8 billion by 2026, burgeoning at a CAGR of 7.7% during the said forecast period. • World’s exports...

Product Profile: Lithium Ion Batteries

January 29, 2020/

Tariff Line: 85076000 • The global automotive lithium-ion battery market was valued at US$ 37.4 billion in 2019 and is expected to reach US$ 95.3 billion by 2026, growing at an estimated CAGR of 17.1 % during the forecast period. • Top exporting countries of this product are China, South...

Product Profile: Ice Cream

January 14, 2020/

HS CODE: 210500 • The global ice cream market was valued at US$ 70.8 billion in 2019, and is estimated to reach US$ 97.3 billion by 2023, growing at a CAGR of 5.4% from 2017 to 2025. • Ice cream is one of the oldest desserts with its commercial production...

Product Profile: Ginger

January 1, 2020/

HS CODE: 091011, 091012 & 091010 • Global trade of ginger almost remained static in terms of its growth rate in past five years. In value terms ginger trade slightly fell from US$ 967.2 million in 2014 to US$ 884.7 million in 2018. • The global ginger & ginger processing...

Product Profile: Cardamom

December 10, 2019/

• HS CODE: 090831 for whole cardamoms & 090832 for crushed or ground cardamoms, 33019015 for cardamom oleoresins • Globally the estimated size of the cardamom industry in value terms was US$ 69.8 billion in 2018 and is expected to reach US$ 86.4 billion by 2025, growing at a CAGR...

Product Profile – Bicycles

November 26, 2019/

HS CODE: 871200 • Market size of bicycles is expected to reach US$ 47.7 billion by 2024, growing at the CAGR of 7.78%. • World trade of bicycles in 2018 was US$ 9.25 billion. Major economies exporting the product included China, Chinese Taipei , Netherlands, Germany, Cambodia and Portugal. Major...

Product Profile: Farm Tractors

November 11, 2019/

HS CODE: 870190 • The farm tractors market was valued at US$ 55.37 billion in 2018 and is expected to register a CAGR of 5.8% from 2020 to 2025. • Analysts forecast the global agricultural tractor market in terms of volume, to grow close to 2 million units by 2022....

Product Profile: Milk Powder

October 30, 2019/

HS CODE: 0402 • The global milk powder market was valued at US$ 28.3 billion in 2018 and is projected to reach US$ 38.1 billion by 2025, with a CAGR of 4.1% from 2019 to 2025. • World exports of milk powder increased by 3.2% in past three years, mainly...

Product Profile: Food Colouring Agents

October 14, 2019/

HS codes: 320300 and 32041990. • Food colours are amalgamated and mixed to processed food items or beverages to boost their appeal. • Global market of food colour/food colouring agents/powders is valued at US$ 2.1 billion in 2018. It is projected to reach US$ 3.2 billion by 2023, registering a...

Frozen French Fries: Case of the abnormal dip!

October 8, 2019/

• India witnessed a sudden fall in the export (in terms of volume) of frozen French fries from 2014 to 2015, and has not been able to recover to that level till date. • An analysis of market data clearly indicates that India has the capacity to enhance exports of...

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